Commercial Property Archives - RealEstategn

Mall Security – Top 7 Ways to Improve Safety Measures

Annika — Fri, 04 Sep 2020 06:41:01 +0000

Malls have evolved over the years to become multi-purpose destinations. According to Jagmohan Garg, a well-known realtor in Delhi, and the owner of D Mall, it is very important to keep improving the features of malls to attract people. The malls are no longer built as retail centers, but they are evolving as family destinations.

Mall owners must focus on developing the features of malls, including design, lifts and safety. Nowadays, the attention is mainly on improving the security of malls. Improving the security is as important as improving any other feature of a mall as it makes the visitors comfortable. A number of measures can be taken to achieve desirable security.

Jagmohan Garg says that he implements 7 measures to improve the overall security of D Malls:

Qualified and well-trained professionals

The security plan is always different in the malls as compared to a normal organization. They cannot get too close for comfort, as it is a public place. However, they are still expected to perform their duty with complete awareness, 24× So, it is necessary to hire qualified and well-trained officers to maintain a balance.

Defined mission statement

The authorities must design a clear security binder. The duties of each and every security guard must be defined in advance. It is not possible to maintain peace without a defined mission statement.

Training

More often than not, security guards are directly hired, based on their previous experience, without giving them a proper training for a new job. It is very important to train new security guards before they start working in the new environment, as every sector has a different requirement.

Video and audio recording system

In order to record all the criminal activities, it is vital to have a high-quality audio and video recording system in place. Surveillance needs to be increased significantly during holidays. A number of cases have been avoided in the past with the help of better surveillance through these recording systems.

Enhance emergency procedure

Security must be ready for any kind of trouble. They must be well-equipped for emergencies situations like shooting, abduction, bomb threat, etc.

Patrolling

According to Jagmohan Garg it is important to increase patrolling in special areas like parking lots, food courts, etc. Most of the unwanted incidents take place in such areas. Regular patrolling can play a major role in deterring crime.

Good use of technology

All the security guards must be well-versed with technology. They must carry transmitters for flawless communication to create awareness among the staff, in case of any unusual activity.

All in all, the importance of security cannot be ignored. So, adequate measures must be taken to improve the functions of security to provide a safe zone to the visitors. By doing this, a mall can surely attract people. Jagmohan Garg has exactly followed the same mantra to increase the popularity of D Mall Rohini and Pitampura. These malls are well-maintained and rated among the best malls in North Delhi.

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3 Tips for Finding the Best Commercial Retail Space

Annika — Mon, 15 Jun 2020 15:38:33 +0000

When it comes to finding the best retail location for a business, this is definitely one of the most daunting tasks. Searching for a space for your business operations means you have to consider several other elements, this includes the size, location and the various facilities/amenities in the area. To top this up, you will also need to consult experienced commercial real estate brokers as well as an attorney to help with negotiations on some of the best lease terms.

Just some years back, the real estate market experienced a crash or perpetual dilemma for mid-sized and small businesses. However, it is the right choice to own or rent a commercial property. The truth is buying a commercial space is a complex task, and it is even difficult for experts to time it right and maximize the value of their investment. This venture also posses to be a risk, as agents, sellers, and renters end up suffering the consequences of a spike or dip in demand.

However, renting is a much better option, and here are the important precautionary steps you need to take in order to find the best retail space for your business.

1. Be Sure of the Type of Space You Need

Before you decide to contact a real estate broker for a commercial space, or even before you begin your own hunt, you need to have a clear idea of exactly what kind of space you are searching for, and the purpose it should serve. Besides that, you have to pay attention to your business needs, which often includes you considering some important factors. For example, you should focus on the location. Yes, the location matters, especially if it’s a retail store you wish to open. The key to business success is ensuring that people find your store easily and access your location.

Another important consideration is the traffic. When you choose an Atlanta Commercial space, besides the pattern of the traffic, you have to analyze foot traffic and how accessible, your location is to prospective customers. Ensure that you know the amount of space that you need. You have to take into account your future and current needs so that you can grow in that space.

Set a budget as well, an amount you can afford to sell, and you should make sure that you know exactly how much would fit within that particular budget. Depending on the type of business you wish to run, a lease including electricity and water bill will balance other factors. Try to review other special options as well; those that you wish to consider, such as the building amenities, parking, fire prevention, and security.

2. Search for A Suitable Real Estate Broker

Searching for a commercial space on your own could be an option, but with the help of real estate brokers, you can have access to different listings, the ones you cannot access. In addition, experts are the right negotiators having the perfect record of helping with negotiating rental agreements and setting lease terms with property owners that will help the renter. In order to find the best commercial real estate broker, you could ask people around for recommendations or search over the internet.

3. A Research on Your Own

Although asking for recommendations from close friends and family is an option, you should also try to research properly on your own. You can use the internet to find a commercial space that you feel fits into the ideal type you need to run your retail business. Over the internet, you will come across various real estate services, and you can seek their help, or find more options.

Finding the right retail space should not be a problem. You just need to ensure that you research your options properly and find the best suitable place to run your business. Consult real estate agents, and make a well-informed choice accordingly.

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Guide to Letting A Commercial Property in London

Annika — Wed, 20 May 2020 10:04:06 +0000

In the UK, many businesses prefer to rent commercial business properties, rather than buying it for their occupational use. According to the Property of Data Report, during the last decade, this trend experienced a significant rise as businesses increasingly became more hesitant to tie capital and commit their time to manage their premises. Today, however, the percentage of commercial property rented since the 2000s (late) experienced a downturn.

The fact is that when you begin with the hunt for a commercial property you wish to occupy, you will first have to decide on whether you wish to rent or buy it from your landlord. Keep in mind that each case is a different one to weigh the options all based on just your business. Of course, it is also advisable that you consult estate agents in East Dulwich to guide you further on the right decision to make.

After careful analysis, if you just made up your mind that a commercial property is a right choice for you, then you should read on.

Find the Right Commercial Property

The important things you need to consider when finding the right commercial property all include:

Location Matters

Keep in mind that location is the top factors you need to consider when you decide on the new premises you want to invest in for your use. You need to research the local property thoroughly, as well as the availability of the property, rental values, and tenant demands.

If you plan to open a cafe, restaurant, or shop, you have to make sure it receives enough traffic. For a distribution warehouse, you may require some good links of transport. In addition, if you want to rent a space to open an office, your location needs to be one people commute to easily. You would also want to search for initiatives and incentives in your region.

A tip is to consult property experts, such as Fish Need Water, to guide you about the commercial property rent and the estate agents who can find the best options in your area.

Decide on What Property is best for You

You have to make up your mind on the type of property that will suit your business needs best. You need to think about the right business strategy, how much, and the space type you need. In the near future, will this change. You need to know that your business will grow and be more profitable, easier to run if you choose to rent the right commercial property. It is advisable that you consider the right number of employees on your site, the machinery and processes you will need. If necessary, you can anticipate the growing business, in the future, will you need to relocate or expand the space?

It is advisable that you check the commercial property twice and take your time to decide well if you are considering planning permission for the business you wish to do in your occupation. When you rent the property, and if you need to alter the property, you should also get some consent from your landlord first.

Other Considerations You Need to Take Into Account

When inspecting the commercial property, you also need to consider other aspects, like:

Congestion charges
The transportation links, including trains, airports, roads, and buses
Restrictions and parking facilities
Restrictions and delivery facilities
The proximity to clients, staff, and customers
Impression clients and staff will receive
Access to local amenities, shops, and cafes for employees
Furniture and equipment
Staff facilities, etc

You also need to check the overall condition of the property, just the way you will rent a house. You should look out for cracks, damps, and any plumbing related issues and defects.

The Rental Trends

You should explore your area to be sure of the rental trends. You should know that renting a commercial property means you would encounter higher rental rates. However, depending on the landlord you get, the charges can increase or be within your budget. Most landlords today agree to accept rent payments right on monthly basis. Along with the rent, they will bill any insurance or service charge. You will need to provide rent guarantee and other obligations if your business is small or a young one.

A Lease: If the lease is a long one, it will include rental reviews, often every three, four or even five years can alter the amount you have to pay over time. It is necessary to note that the rent could go up and down; it all depends on the lease terms.

Hence, it is advisable that you research all the rental trends and make forecasts before you decide to sign on the dotted lines. Seek the advice of a commercial estate agent, visit their website and explore your options!

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How could new Technology affect Commercial Property Prices?

Annika — Wed, 06 Jul 2016 11:05:23 +0000

There are plenty of ways in which improvements in IT are making life a lot easier for property investors.

Cloud computing allows them to access vital documents or software from any location across the world. Advances in the mobile web speeds allow them to get work done as quickly as they would be able to from the comfort of their office. Improvements in property management software make it easier to access and amend certain data with ease.

Yet, there is one indirect side-effect that could eclipse everything else in the eyes of property investors and that is the long-term effect that technology could have on commercial property prices.

How could the remote working trend affect commercial property prices?

The main advances in IT over the last few years focus on the ability to complete tasks from any location. This has resulted in a growth in remote workers across the world, which both employers and employees seem to agree is a good thing.

Employees are able to eliminate their daily commute, work more flexible hours and enjoy an improved work/life balance. Employers can enjoy the fruits of a happier, more productive workforce whilst not having to spend as much on their own office facilities. Some may decide they need less office space or no office space to all. That’s where property investors could be affected. A lower demand for office space in the future could potentially send their values crashing down in the future.

It’s not just the office space market which could potentially be affected. Much has already been made of how the growth of online shopping is affecting demand for retail space. Almost every major retailer is has placed more focus on e-commerce in recent years. This is simply because more and more shoppers are buying goods online every year. Shop vacancy rates are increasing across Europe all the time because the demand for retail space is not what is used to be and this is only likely to continue as e-commerce technology improves.

What does this mean for property investors?

There’s no need for property investors to panic just yet, but it’s certainly a long-term trend worth monitoring. The ‘remote working’ trend is one which is evolving slowly but surely. It goes against office culture in many firms and there are still plenty of corporations who remain unconvinced by the security and reliability of the cloud. How dramatically adoption of the cloud impacts the need for office space remains to be seen.

The impact of technology on retail space is already underway and has had an effect on property prices in a number of markets. Politicians are keen to find a way to halt this decline of the traditional high street though, so all is definitely not lost for the retail market. Prime retail space remains a solid investment across many markets where demand continues to increase.

However, those who are concerned about the future of these markets could certainly start exploring other avenues. The industrial and warehouse sector is performing very well in certain regions, for example.

Of course, there are plenty of trends which could affect the future of property prices – but the gradual shift to remote working is certainly one of them.

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Raising Capital for Large, Commercial Real Estate Projects

Annika — Thu, 21 Jan 2016 19:26:00 +0000

Solid investments in commercial real estate represent one of the best methods for simple, steady cash flow. While the 2008 financial crises had large impacts on the commercial real estate landscape, it also created a great deal of opportunities for real estate acquisitions. Finding a good deal is always much easier in a down market. Unfortunately, capital constraints frequently hamper smaller investors from being able to invest in larger, commercial real estate deals.

Luckily, raising capital for commercial real estate projects, while never completely easy, has become more feasible in recent years with the expansion of new securities laws, including crowdfunding. By expanding the potential pool of interested investors, issuers are now able to source capital more quickly and more efficiently for both residential and commercial properties. In doing so, however, issuers also increase the amount of complexity in investment management pursuant to each transaction.

Equity vs. Debt

In a typical capital raise for commercial projects, an issuer will include an institutional lender for the debt source on the property. The loan-to-value ratio and overall value of the property will determine the amount needed to be raised as equity in a private offering. Today’s commercial projects have larger loan to value ratios than those that were available before the most recent financial crises. And, unless you know a number of high net worth individuals, accredited investors or private equity groups that can and are willing to fund the equity portion of your desired project, the likelihood of you funding without a general solicitation on the equity component to the deal would have been slim to none.

It is expected that even the debt investing in the crowdfunding market will become “a thing” before too long, especially as rates rise a bit and investors are looking for safer, asset-backed securities where they can clip a regular coupon. The eventual choice between a debt and equity investment in commercial real estate will be based on the amount of capital needed, the amount you have and your risk profile. As always, it is best to consult directly with a knowledgeable professional when making legal and investment decisions, but there are more options available to today’s main street investors than there have been in sometime.

More Options for Issuers

Issuers also now have more options in the depth and breadth of groups they are targeting for investment. This means that development projects in commercial real estate, including large multi-family complexes, mixed-use commercial, storage facilities, industrial complexes and retail units can all benefit from new, advanced methods for capital requisition in the financial markets.

While the offering capabilities have expanded, there is still regulation and investors have grown warry of “the next big thing.” In addition, the security issuers also open themselves up for greater management headaches. More investors require a bit more investor management prowess, even IF deals are structured as a General Partner with Limited Partner investors. Understanding the lay of the land when performing this types of capital raise is helpful and often requires a handful of investment, banking and legal expertise by your side.

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Benefits of Setting up Shop in a Retail Shopping Centre

Annika — Thu, 26 Feb 2015 02:04:17 +0000

While the costs of setting up shop in a shopping centre may be high, the advantages of operating in an established retail precinct often outweigh any extra cost. Here are the top five reasons why opening a retail store in a commercial shopping centre is a good idea.

A Smoother Shopfitting

Shopfitters are accustomed to fitting out individual stores in large shopping centres with limited time and room to move. Being in a large shopping centre gives specialist shopfitters like TU Projects an advantage because the space has the basic fundamentals of a retail store and just needs to be customised to create a unique and functional space for your brand and product.

Foot Traffic

Shopping centres are a stable retail environment because they have an established consumer base made up of people of different ages, incomes, genders, relationship statuses, and spending habits. Therefore, setting up shop in an established shopping precinct is far more beneficial to your business as your store will receive the foot traffic of an entire centre that serves a large community, rather than a small, localised and niche consumer market.

Parking

While consumer parking and easy access to your shop may not seem like a priority in the early stages of opening a new store, it is definitely something that needs to be considered for the long-term success of the business. If consumers can easily access your shop by car and public transport, there is a greater chance that they will browse your store and make a purchase. Shopping centres provide accessible and practical ways for consumers to access the shopping precinct, whether it is by car or public transport.

Weather

While your store and stock will be protected from unpredictable weather situations regardless, consumers are less likely to venture out into the rain to shop if they are going to get wet. Instead, a large shopping mall is attractive to customers when the weather is bad because they provide indoor entertainment for the whole family away from the weather. In fact, shopping centres often see a spike in foot traffic in bad weather.

Security

Your business is safer in a secure shopping centre that has an in-house security team working 24 hours/day. They’re there to secure the centre at night and support you with any problems, including theft, during trading hours. The Centre Management team are also there to support you throughout your lease.

Exposure

Your geographical location has a huge impact on your marketing strategy and is one of the huge advantages of operating in a shopping centre as opposed to a street-side block of convenience stores. Also, the exposure of an established shopping centre will lower your individual marketing expenses because the centre will have their own marketing and promotional campaigns to attract consumers to the precinct as a whole.

Do you have any experience operating or working in a street shop as opposed to a retail store in a shopping centre? Which did you find most suitable to promoting business growth and success? Share your insights in the comments below.

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How to Find the Market Value of a Commercial Property

Annika — Tue, 25 Nov 2014 12:56:48 +0000

People need to know the market value of a commercial property when they have their own and want to sell it to someone else. Some people want to know the market value of commercial property when they want to purchase it. Most of the people want to invest by buying some commercial property, it is the best way to save and invest your money.

It is very important to know the market value of that commercial property in which you are interested so that you do not face any loss after investing your amount. There are different ways that help you to find the market value of a commercial property.

Few Ways to Know the Market Value of a Commercial Property

Here you will find a description of few ways that help you to know the market value of a commercial property, if you want to buy it.

Visit the Market Yourself

It is very important to visit the market by yourself so that you can get to know the area in which you are interested to purchase a property. Some people decide to take the commercial property and send others and rely on their decisions. Your investment will give you profit and loss no one else has to be there whom you blame. Go and visit all the area and the population that is around this area so that you come to know the market value by yourself. It is also necessary so that you can find out the view of other people about that market and property that will help you to purchase that property.

Compare the Properties with the Help of Appraisers

It is better to consult an appraiser before buying a commercial property. They will provide you a better comparison of the area. Value of a commercial property is different from residential property. In commercial property few important things have to consider like:

Size
Condition
Plumbing
Heating
Roof

These are not the only factors that can be used to compare the value of different commercial properties, although they are necessary but you cannot depend on them only.

Access of Transportation

A main factor that is very important to know the market value of a commercial property is the access of the transportation towards it either it is located in the center of the city or far from the city. Transportation increases the worth of most of the commercial property and you do not regret to invest in it. The building or the commercial shop or area in which you are interested, the common person must feel easy to make an access to it and must pass from it regularly.

The commercial property will get a worth when the other buildings are of the same

Size
Income potential
State

If it has fewer competitors in the area its value will increase automatically. The location and the condition must also be better than the others.

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